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to the deficit, they say, and it needs to be part of the deficit. the opposing view of durban says social security is not in a crisis. back to our question for our viewers. how would you fix your school system? david in kansas, an educator, republican line. caller: i just want to say i am an educator. i'm not republican. i would make education a completely free market good. i would get rid of compulsory school attendance. --would get rid of taxation a i think you need a wall that separates the government and education, just like we have a separation between government and religion. host: ok. june in wisconsin, independent. caller: hi. you know, the baby boomers got the last excellent, well-rounded public-school education. it was based on the basics -- proper english, writing. for whatever reason, somebody decided -- and i saw a teacher wrote an article on why we have to write all these rules in english, such as "i before e" in english. i thought, are you kidding me? for some reason somebody said, "whatever you think it is, and johnny." it's ridiculous. there's nothing wrong with people un
? >> well, first of all, i do believe the middle class has a stake and a good, solid balanced, deficit reduction plan. the plan should be what the president campaigned on, namely balance. that means we've got to have a substantial contribution from revenues. the revenues have to come from the folks who have been making good money during the recession. that's folks over $250,000 or some number close to. that the pentagon's got to make a contribution and if there is anything on healthcare, it's gotta be about reforming it, bringing the costs down, not cutting benefits. >> eliot: let's drill down a couple of pieces of this. what do you think the underlying ratio should be between cost cutting and revenue generation. last summer it was 10 to 1 in terms of cutting costs to revenue. thankfully the deal didn't get done. should it be one-to-one? where would you like to see this happen? >> you know, i actually don't know that number because i think the question is i think we need about a trillion and a half from revenues and the
will be speaking about the so-called fiscal cliff and that is a reduction -- and deficit reduction. we will have that live here on c-span at 11:30 a.m. eastern. over at the white house today, president obama is meeting with small business owners. at 12:30, jay carney will hold a press briefing and take questions from reporters. this afternoon, the president and vice president will meet with the mexican president who takes office december 1. the press briefing today at 12:30. on capitol hill, the house of representatives returns today at 2:00 p.m. eastern on their agenda this afternoon five bills including a measure requiring the department of a homeland security to report on security. later this week, a student visa program. also this week, the democratic leadership elections. that will be coming up later this week. live coverage of the house at 2:00 p.m. eastern. a number of senators have been meeting with u.n. ambassador susan rice in the wake of her comments following the attack on the benghazi consulate. just wrapping up is a brief news conference and statement with senators. here is a look.
to pay a little bit more to reduce the deficit. bill: what happens if they don't see a deal? 90% of americans will see a tax hike in 2013. and families that make between $40,000 and $65,000 will have to pay an extra $2,000 to washington, d.c. in taxes. martha: concerns over america's fiscal cliff have sent the markets lower in premarket trading. there is a look at where the dow is poised to open this morning. with the dow, the s & p and the nasdaq all trading lower. speaking of that, a new round of violent protests break out in egypt as police fired teargas into the crowds. here are some of those scenes. >> unbelievable. more than 100,000 people flooded into downtown cairo. this time they are protesting the current president martha maccallum and his power grab. they are disillusioned with what he has brought to their country. then you have this happening. police firing teargas. gypt's highest courts refusing to work in protest of morsi's actions. steve harrigan is streaming live from cairo. the protests looked like the unrest we saw in that same square back in 2009 and the arab
over the next ten years. that's about 40% of the $4 trillion deficit goal that we have. that's the same thing that simpson-bowles had, 40% revenue. so the only way you can reach that, incidentally, is to allow the rates to go up. just this idea of we're going to take a look at the tax code, change some credits and deductions, you can't come up with enough money. >> so any deal will have to include at least some hike in the tax rate. >> i don't think there's any other way to approach it. that's why the president has taken this position. if we're going to make sure, for example, that we spare families making $250,000 a year or less from any income tax increase, then this idea that we're going to go into the tax code and find $1.6 trillion over ten years becomes almost impossible. we need to protect those middle income families. >> you said today that congress should deal with the fiscal cliff crisis now, but tackle entitlements, the entitlement questions, later. yesterday, senator lamar alexander said the only thing the president has to do to get an agreement from republicans now is in hi
negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >> we have been responsible as we remain firm on this point. no tax increases now for promised spending cuts that won't materialize later. the american people have seen that game before. they won't be fooled again. >> th
it into the unified budget to mass of the overall deficit. the trust fund will run -- to mask the overall deficit. it was a nice tax breaks for low income seniors. that was stealing from that trust fund. we call it the social security fund. there is no trust in my estimation. host: this is from the huffy to post a business section. earlier this week-- huffington post business section. older americans are in the cross hairs. when congress returns for a lame-duck session, stocks will keep up -- talks will heat up and there may be reinvigorated discussions on a grand bargain. the last time that happens, president obama considered a proposal favored by republicans to extend the eligibility for medicare to 67. as a guy who turned 65, your thoughts about extending the eligibility for medicaid to 67. guest: if you are younger, you are not thinking about it. i think it would be prudent to do that for the health of the country in the future of the people. obviously, if you are at or near 65, you cannot do it. the thing i wonder is, as part of this whole situation, why is there no effort to really, really
" and he joins me now. thanks for being with us now. we appreciate it. you compare the deficit to an insurance policy. you say it doesn't make you any richer in the short-term, but in the long-term, it is helpful. i want to actually put your statements up. you say let's agree to keep deficits very high for at least another year. and then let's buy an insurance policy against that debt crisis when we can really afford it. so lots of republicans and democrats out there would disagree greatly with you. say that america's ability to pay its debt is really important. how would you respond to them? >> right. i do think that there's a thing that's taken place in washington deficit reduction will stimulate us to enormous growth in 2013. the fact is what deficit reduction is, is tax increases and spending cuts, both of which take economic activity out of the economy. so this really is extremely similar to insurance. if i buy, say, flood insurance. what i'm doing is i'm paying a short premium in the short-term, to protect my house in the long-term. that's exactly what deficit reduction i
by which additional deficit reduction over a ten-year period would occur. and that process was after the trillion dollars was whacked off -- which it already has be been -- that a super committee of six from the house and six from the senate would deliberate and a majority vote of that committee of 12 could determine additional deficit reduction that would apply over the next ten years. and to give a little incentive for that super committee not to deadlock, the process of sequestration was set up which, in effect, was this meat cleaver that in a nondiscriminate way was going to drop a meat ax approach of another half trillion out of defense and a half trillion out of non-defense discretionary, which nobody wanted. and of which was never contemplated that it was going to go into effect, because the effects were going to be so onerous that surely people of goodwill could come together on a 12-member committee and not deadlock but instead at least one would provide the majority, even if it were only 7-5 out of the 12, because the alternative was so unpalatable. and, of course, we know
debtor deficit spending, or where spending cuts of any type might come or how we are going to address the larger issue: we all know that tax hikes on the rich ain't going to get it down. progressive groups reportedly held a private meeting with senior obama administration white house officials. according to the "washington post" the groups were told not to worry about any entitlement reforms or big budget cuts. the so-called safety net programs according to them are not going to be touched and the progressive groups walked away feeling very happy. the report say the white house feels it does not need to compromise, period and is willing to let the big tax hike happen on everybody. the big tax hike is what everybody will face not just the rich or the middle class. they think they'll be in a better position to negotiate with the g.o.p. after that happens. chris stirewalt joins me, host of power play on foxnews.com. >> i was a little frightened, i thought something i, really bad was happening instead of the standard badness. megyn: that is terrifying. [laughter] back down to business, t
are going to have to look at entitle reform. entitlement. reform is the only way to get the debt and deficit under control. we've got to take it on. >> chris: let me ask you, you say you would consider more revenue but with loopholes -- >> there's so many of them. >> chris: you voted against the bush tax cuts a decade ago because you said too many of the benefits go to the wealthy, not the middle class. once they were passed you have changed your view and said i'm not going to oppose them. it you could get a deal for entitlement reform and take a chunk out of the national debt, why is the 35% top tax rate which you oppose sacred? >> every economist i respect says if you raise tax rates at this time -- the president says that a couple of years ago -- it harms the economy. we're trying to help the economy. unless i'm convinced raising tax rates will be beneficial, obviously i think there's reason and grounds for my position. i also believe that we can and must get an agreement, otherwise i think first of all the markets are going to start reacting. >> chris: we'll talk about that in the next s
.s. economy back into a recession. both congress and the white house are trying to make a deficit reduction deal to avoid the financial chaos. and president obama's reverting to some campaign mode right now to try to make sure things are done his way. our white house correspondent dan lothian is joining us now with new information. what are you learning, dan? >> reporter: well, wolf, while senior members of the administration including secretary geithner, chief of staff jack lou also top advisor meeting with -- the president himself trying to sell his vision to the public, but some say it's not a winning strategy. it doesn't take a gps to find the way to the fiscal cliff. much more difficult, finding the off ramp. at the president's first meeting with congressional leaders more than a week ago, there was a sense of optimism. >> my hope is is that this is going to be the beginning of a fruitful process. >> reporter: there was a follow-up phone call with house speaker john boehner, but a much different approach this week. the president's calendar is packed with sales pitches to the public, wh
is an integral part of deficit reduction. yes, from my side of the table bring entitlement reform into the conversation. social security, set aside. doesn't add to the deficit but when it comes to medicare and medicaid, protect the integrity of the program but give it solvency for more and more years. martha: alabama republican jeff sessions is the ranking member on the senate budget committee. senator sessions good morning. good to have you here today. >> martha, thank you. martha: a lot of talk this morning after these sunday shows and watching both sides talk about this fiscal cliff about who seems to be moving and in what direction. what are you hearing, what are you hearing from lindsey graham who says, quote he is willing to break that pledge on taxes under certain circumstances? what are they really saying? >> i'm not sure what they're saying. there's a lot of this talk going on. i don't know who is speaking for the republican party. the house of representatives where you have a substantial republican majority but the truth is that this country does not need to go through t
out of their pockets to his deficit reduction. so we've had thoughts of things squeezing us at different levels. we are now facing biggest threat through sequestered. janet mentioned the fiscal cliff in one part of the fiscal cliff is these across-the-board spending cuts to take effect january 2nd. it's going to be an 8.2% across-the-board cut in education, job training and health, housing, fbi, air traffic controllers from the food safety, entire range of domestic programs. for education if you count headstart, which is at the department of health and human services a $4.8 billion cut would be the largest education cuts ever in the history of the country. that would just move us -- essentially move us backwards on whether the goal is closing achievement gaps come increasing high school graduation rates, increasing college access and college completion. our biggest challenge in the short-term this lame-duck lame-duck session this to work together with groups like the urban league and national council to come up with a balanced approach to deficit reduction. as genocide, as p
the typical washington show game and take a few bills. if we want to cut the budget deficit we have to look at everything that's been passed and make decisions against each of those. if obama-care is the most important policy considered its survives. if there are other things being considered it doesn't survive. that's the only way to approach cliff that's running out very quickly. rick: if there is a deal spending cuts have to be put on the table and obama-care cost a lot of money. >> that's not true. it cuts the deficit in a 10-year period and even more so over 20 years. john boehner said in his own op-ed that he tried two different ways to get rid of obama-care, going to the supreme court and in the election. they tried 33 times to repeal obama-care in the congress and failed all 33 times. the bottom line is now we have obama-care. it is the law of the lands. we need to take the off the table and focus on the bush tax cuts which american voters decided they want to keep for people under $250,000 and they want to get rid of for people making more than $250,000. rick: obama-care lowers the
a dent in the deficit or the national debt. the government is a ravenous beast. jon: that is the point, that monica makes. even if you take the tax rates back for the richest americans to where president obama says today really should be, you're really not going to take care of the national debt in a significant way. >> no, you're not. but, you know, these republicans that talk about this today, most of them voted in the senate and the house for the medicare prescription drug plan under or george bush. that exploded the deficit tremendously. both of them voted for two wars, even if you think they were necessary, with no offsetting revenue to fund those wars. when you have spending like that that these republicans backed ten years ago, never had a problem with, and all of a sudden now they're saying we've got principles, you know, where were these principles ten years ago? >> first of all, fiscal conservatives like me were screaming at president bush and others who went down -- >> but where was the primary for those people? >> but remember, remember, the deficit that president bush left
. >> well --. megyn: where does the money go? does it all go to the deficit, or to the debt? >> no. megyn: because we, a lot of americans think, all right, i want to help my fellow citizens and i don't like this national debt but you know who i don't want to help? i don't want to have jeff neely to have another trip to the hot tub and drink his red wine. >> forgotten about him. megyn: the feds shown propensity for misspending the people's money. >> well, think about this. we're talking about, we have a government that runs a trillion dollar deficit every year. that borrows more than three cents of every dollar it spends. here we're talking about a deal that would be 1.6 trillion over 10 years. talking about $160 billion a year. it is just, just littlest scratch in the surface when you talk about long-term debt and different sits. this is being made out to be a big deal but this money will get you can ised pretty fast. megyn: look at the fight we have over just that. can you imagine the fight we would have if we really tried to tackle the $16 trillion debt? chris, great to see you. >> good
. in other words, instead of a cliff, that you reduce the deficit over time in a much more orderly fashion. >> with a plan, though. >> with a plan. exactly. bowles simpson was a plan. >> bowles simpson is so far gone at this point. >> but when you look at those, they all have some come by neigh of spending cuts and tax increases. the idea is that over a period of time, you basically put the country in a better path, the government in a better path to spending and taxation. what you don't want is the fiscal cliff because that was designed to be something that nobody liked. and the reason is, yes, you've reduced the deficit from about 7% of gdp down to about 4% of gdp, so you move in the right direction really dramatically, but you do it in a way that nobody was happy with exactly where those cuts come from and exactly how the taxes increase. >> with what you're seeing, and we never know, it's almost like a mating dance where you've got the male and a feel of some species -- >> it's an ugly one. >> looks like they're never going to do it. they get closer and closer. >> but there is a lot of
the debt and deficit under control. and we have to take it on. >> chris: but let me ask you. you say you would consider more revenue but through loopholes and deductions... let me ask you, you vote against the bush tax cuts, a decade ago, because, and i went back and looked, you said too many of the benefits go to the wealthy, not to the middle class and once they were passed you changed your view and said they have taken effect. i will not oppose them. but, if you could get a solid deal, with, as you call for, spending cuts and entitlement reform and make a major -- take a chunk out of the national debt, why is the 35% top tax rate which you opposed sacred? >> because every economist that i respect says if you raise tax rates at this time, in fact, the president even said a couple of years ago, it harms the economy. we are trying to help the economy. and, so, unless i can be convinced that raising tax rates will be beneficial, then obviously i think there's reason and ground for my position. but, i also believe that we can and must get an agreement, otherwise i think first of all, the m
deficit. it's well funded for decades ahead but if you look at medicare, here's what the president has to say about that. the president says look at the budget i originally submitted to congress and you will see i have put in excruciating detail cuts to the medicare program that i think we can afford so the president has put that forward. there are those in his party to his left who would like to push back on that. but what we have missing from this discussion right now i think is that same level of specificity coming from the republican side on any of the cuts that they have talked about. i mean, that the nuts and bolts of a negotiation over budget deal so, yes, you have laid out this sort of landscape of the politics and where the cuts would come from and in particular the fact that the administration put forward medicare reforms but what we don't see from the other side is specificity on revenues. the republicans say, yes, we need more revenues but they're not willing to exactly spell out what that means and that's missing from their side of the discussion. >> let's move to the hot
, minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimate that it will keep spending more than it takes it in for 75 years unless we strengthen it. >> brown: majority whip dick durbin answered that social security isn't the issue; it's medicare and medicaid. >> social security does not add one penny to the deficit. it's an important program, a critical program. let's take care of it in the future. let's do it separate from the debt debate. medicare is another story. medicare has 12 years of life left and let me make a point of saying it has eight of those years because of president obama's leadership. >> brown: white house officials said the president will send treasury secretary timothy geithner and legislative chief rob nabors to the capitol tomorrow, to meet with congressional l
and that is however we try to deal with the deficit it has to be balanced and it has to call on wealth the wemt iest americans to do their share, and that's all we're looking for, so i think people are dreaming if they think we're going to get a deal on entitlements in three weeks. that is not going to happen and i think it would be irresponsible to try to come up with any approach to entitlement reform in such a compressed period of time. >> reasonably what do you think can get done in the next three to five weeks until the first of the year? >> i think we can head off the problem with everybody's taxes going up. the senate has already passed a bill extending the tax cuts for 98% of the american people. that's a real easy one if speaker boehner can deliver maybe 30, 35 votes. i think we would be happy to pass that and avert that huge tax increase at the end of the year or beginning of next year and we can extend the spending limits and delay the across the board cuts until a more comprehensive balanced approach is negotiated. >> senator bob corker is putting out a plan that includes a trillion doll
norquist in july when he agreed to a tax increases in exchange for a grand bargain on the deficit. the other republicaa gang member, senator mike ray powell reportedly indicated earlier that he is open to a range of possible tax rates. now senate is lindsay gramm, john mccain, bob barker along with house majority leader eric cantor and congressman peter king are rebuking the norquist anti-tax pledge, a new gang of six saying in recent days they would break that pledge to look for new ways to generate revenue republican congressman peter king said bluntly, he is not ruling anything out. >> i agree entirely. a pledge to sign 20 years ago, 18 years ago. i think everything should be on the table. lou: two of the senator's not only reversing themselves on raising taxes but also rethinking their opposition to a susan rice secretary of state apartment. senators gramm and mccain both revising their political positions in a bit -- at a breathtaking pace. joining a summer we are calling the republican reset, the fiscal cliff, of course, and the coup in egypt, the president seemingly in sear
address the fundamental problem and driver of federal deficits and debt. and that's reforming these entitlement programs that are on an unsustainable path right now. >> so but remember the president also said when he extended the 35% tax rate for the upper income for those making more than $250,000 a year, he says -- he said then that was the last time he was going to do it. it was a one-shot deal. he wasn't going to do it anymore. and as you know he ran his re-election campaign on the notion he was going to increase the tax rates from 35% to 39.6% for those people making more than $250,000 a year. you think he's likely to blink on that? >> you know, i don't know. i hope he is at least willing to work with republicans. republicans are open for business up here. if he wants to bring entitlement reform into this discussion -- and you made the comment or showed dick durbin's comment this morning about that would be too hard to do. well, all the work's been done. you've had simpson bolls, a lot of work out there has been done. we know what the issues are and what it's going to tak
a big budget deficit out there. somebody has got to pay more taxes and some spending has got to be cut. if it's not the wealthy paying more taxes and these are wealthy, remember, who in living memory have never taken home a larger share of total income and wealth in living memory, have never paid an effective tax rate that's as on their breath and income, these are the wealthy who are putting over something on everybody else. if they don't pay more, everybody else has to pay more. >> eliot: somebody's gotta pay it. i think the affirmative shift here is that the deal that the president offered last summer that was rejected by speaker boehner had a ratio of 10-1 cuts to revenue. the republicans said no way. we're not doing that. now we're essentially talking about something that's 2-1 and the republicans are acknowledging the revenue has to be raised. that's a sea change. >> that's progress. progress comes directly out of something called an election. >> eliot: that's right. those are good things, we think. >> un
something about the $16 trillion deficit, i think the bottom is going fall out of the dollar, totally. >> greta: what has been the -- when you asked to be paid in gold, the answer was what? >> they got, quoted opinions from a progressive pragmatic judge says the constitution says states will pay their debts in gold and silver doesn't mean that. they said that hey, they will wire my payment, my payroll, by wages, they'll wire where ever i want them to. i intend to wire where they'll send me gold and silver dollars for pay. >> greta: so that is taken care of? it's got an extra step or they can write you a check and you can go buy gold if you wantedded. you can get your gold, you can get your gold, right? >> yes. i'll end up getting gold and silver coins, yes. >> greta: anyone else agreeing with you? joining suit? anyone else in the legislature? >> there are a few others agreeing with me, but none have come out and been willing to put their, expose themselves as much. >> greta: what do you attribute the decline to? do you blame it on washington? is there anything in particular you identi
to the united states. that is why we've had trillions of dollars in trade deficits with china. managers of the trade policy with china, democrats and republicans, i think are guilty of real political malpractice on a large scale. >> greta: what is the chinese viewpoint of what they're doing vis-a-vis north korea? >> almost any country, chinese goes back than our memory. because of the great war, many of the invasions of china have come by bypassing the great wall, along north korea. and... also, the japanese intend to conquer asiana started in korea. so china, korea is an extremely sensitive point. what i think the chinese would like best is an outcome would be a nonnuclear, peaceful, north korea. they would not want a unified korea because it would seem that the high-tech korea and yellow ribbon with modern weapons would resurrect his storeal cal threats in their minds. also for them, the korean war as the image they thought as a symbolic significance. they took on the united states when they were very weak and came out from their point of view, achieving their effectiveness. >> greta:
. property tax, that's another huge one. everybody says, yes, the deficit, it's all a big problem. and it's true. you can't continue to run these trillion-dollar deficits. but when you get down to the nitty-gritty about what you're actually going to cut, that's what's really hard, joe. >> if they don't fix it, it's going to be in everybody's backyard. thanks so much. >> that's right. >>> does the israel/gaza cease-fire prove that the u.s. can negotiate with what it's called a terror group? what about al qaeda? the implications next. load your, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> fresh clashes between protesters and riot p
revolution. we actually now have a path to energy independence in america, that's a $200 billion deficit right now. it's a bridge to renewable energy, renewable energy's going to take a long time. if we can move to gas, we'll get tremendous benefits in terms of cleaner energy on the way to renewable energy future. if we could get those things done, steve, this would be transformational for our economy. but we haven't been able to act on these things even though, as i said earlier, there's wide bipartisan consensus. >> thank you, michael. let me jump to doug and steve for a moment and just try to poke holes in this. if we roll back time to just before the financial crisis, you looked at the u.s. debt position, doug holtz-eakin was out there, you know, bitching about that already. [laughter] and john mccain and others had been. but it's much worse today. if you looked at debt in a different way, if you looked at private sector debt, if you looked at the fact -- forget government debt, but if you looked, government debt's gotten worse, but before the financial crisis, private sector debt wa
? >> illinois has the worst budget deficit in the nation and why is the state spending millions of taxpayer dollars on table for prisoners. >> and eco friendly zip lines, maybe they want them to watch "fox & friends" in prison, have you ever thought of that. >> dave: amen, there's some viewers, baby. >> clayton: "fox & friends" begins right now. ♪ . >> alisyn:. >> alisyn: good morning, everybody, thanks for joining us bright and early on this sunday morning, we have quite a show for you, including the ongoing debate that dave briggs launched yesterday about yoga pants and we invite you to weigh in this morning. >> clayton: you're still leading this fight and championing this fight. >> alisyn: he's made it a platform. >> dave: i may run for the white house based on yoga pants. there's both good and bad and we will delve into this later on and look, common ground. it's unlike politics, there is some common ground between the two extremes. >> clayton: of yoga pants afficianados. >> alisyn: they're bipartisan. >> clayton: send us a picture of your yoga pants and dave can critique it. >> dave:
care system dropped from 64% to 55%. to go over to the budget, substantially reduce the budget deficit. 42% thought the obama administration would be able to do that in 2008. avoid raising taxes. control illegal immigration. heal political divisions in this country. 54% thought so in 2008. bob in north carolina on are democrats' line. you are up next. caller: i just think it is going to be better coming up this next time because i believe obama it did need a second chance. i voted for him. i am a native american and i lived on a cherokee indian reservation. we have to balance our budget. our leaders serve four years just like the president does. we make our budget work. if we don't have the money, we don't do it. that is all i got to tell you. host: jacqueline pata is going to be on later in this program. how would you describe the conditions where you live? caller: we have a heritage casino down here and it does a lot for us. we send all of our kids to college. we pay for it all. they can go to college anywhere in the united states. host: indian gaming has helped urination? caller: ve
or have less of a deficit is to let the economy grow. raising tax rates on rich people will not help the economy grow. in fact, it will send the economy in the wrong direction. >> i understand. i know you signed a pledge and you're sticking to that pledge with regard to the people you represent. so let me move on and ask you this, senator. you have indicated you are interested in running for president. tell me this, here, how exactly -- how interested are you and have you taken -- i know you smile because you've been asked it before, but let me ask you as well, have you taken any concrete actions to start lining up support? honest answer, please. >> well, you know, i've said i won't deny that i'm interested. little bit different than i am interested. >> let's read between the lines. what does that mean, sir? >> i want to be part of the national debate. i think my party, the republican party is shrinking. we're in danger of becoming a dinosaur. we're not competitive on the west coast. we're not competitive in new england. we weren't competitive around the great lakes. so we need a new
, unbelievable, it is up to half a billion dollars. >> probably going to be as large as the deficit by next week. seems like everyone is buying tickets unless sadly you live in one of those states -- tsk, tsk -- those eight states that don't take part in powerball. >> you should move. >> it is un-american. >> these are some of the many called powerball refugees. many live in california. doesn't allow you to buy powerball. they have crossed the state line into arizona to buy tickets. powerball not played in california, nevada, utah, wyoming, mississippi, and alabama. >> imagine, california, huge state. imagine if they can get in the mix, the jackpot would be incredible. ooh. all that powerball jack pot, the topic of our facebook question yesterday. >> we wanted to know what would you do with all that prize money? vanessa said, buy a home where my family lives, donate to alzheimers research, help those who've helped me, help some homeless people, donate to a veterans home, feed hungry children. why don't you try solving world peace, too, vanessa. that is very altruistic of you. kudos. >> joseph, i
, and want tax hikes and spending cuts to reduce the deficit. and one fourth want spending cuts only. 68%. there are the numbers on your screen. doesn't that number, 68%, mean that it's politically perilous for your party, republicans, to oppose raising taxes on the top 2 or 3%? >> well, no, they -- it's got to be part of the equation and i think that speaker boehner made that clear, but gregg, let me first start by saying i happen to care very much about the 43% inpoll, but it doesn't erase -- it doesn't erase the fact that a majority of them do not pay taxes and it also doesn't erase the fact that most people support tax increases on other people as opposed to themselves, but i think the american people are a little tired of polls. the election is over, talking points should be over, and it requires compromise to solve problems in this town, something that's been lacking for years. by both sides of the aisle. and so, the issues you're talking about in terms of the specifics, whether it's the tax rates or these deductions, it just cannot be across the board. there are unintended consequ
are the major drivers of the deficit and debt. listen, if you raise taxes as the administration wants to do now, you don't, in other words, extend the bush-era tax cuts, you raise $824 billion over ten years. now the u.s. government is funded, it takes $1.3 billion a day to fund the u.s. government. so you divide all of that, do the math, carry the knot and basically you qui get about 65 days of funding of the u.s. government just on the taxes. it doesn't get you too far on the big picture. jon: i've heard some democrats saying maybe it won't be such a bad thing to let the country go over the fiscal cliff at lowe's for a short period of time. >> reporter: that is one negotiation ploy, i think you're hearing that as well, you know, if you go past that deadline, then the new congress could come back and retroactively essentially give them -- everyone a tax cut, so those new congressmen and women, and senators will be able to say that they had a tax cut. it's all semantics here. the bottom line is what the president will bring, what house speaker john boehner will be and the closed-door negotiatio
't say al qaeda or iran or north korea, what he said was the debt and deficit. i think that is exactly right. above all, this is the future. we are not talking about a physical infrastructure, we are talking about our human infrastructure. joel klein is someone who has dedicated the most recent date of his multifaceted career to this. when he is in discovering the best restaurants in brooklyn, he is focused on improving the lot of young people in this country. mostly the other way around. some going to tell you about the time he has dedicated to this issue. about a year and a half ago, i called a condoleezza rice and i said i wanted to do something with me. and i said richard, don't even go there, and i said okay. and so i said before the end of this conversation, you are going to agree to what i'm going ask to ask you. and she said, no way. i said right. we spent a lot of time on all the traditional foreign-policy issues. we are focused on being domestic and what we want to do is report on education. we don't want a piece on everyone else has done. what we want to do is look at educat
we can solve our long-term debt and deficit problem is to fix the unsustainable growth rates of our very popular entitlement programs. the president has indicated an openness to that and now's the time to actually do it. and i hope we can put all this divisiveness behind us and build the confidence and relationships on a bipartisan basis, which would help us get there here at the end of the year. >> the president and leader reid said social security should be off the table. what's your reaction to that? >> all of the entitlements need to be discussed, because they all to one degree or another are on an unsustainable path. medicare is in more immediate danger. we want to save these programs and i understand the dilemma that the president and the majority leader have. they don't want to change anything. they think any commitment made by the federal government on any program at any time ought to be there forever. well, times change. and until we make sure these popular entitlement programs fit the demographics of the changing america, we can't save them. we all know that. it's simple m
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